Bitcoin

Gold

Read

<p>Doctor Profit made a prediction about Bitcoin. He stated that the price could reach over $580,000 by 2028, which is his top target. The analyst used technical analysis and some economic indicators in determining this.&nbsp;</p>
<p>Some of the indicators include the M2 money supply, liquidity rates, and the current market cap of gold.</p>
<p><strong>M2 Money Supply:</strong> He thinks <a href="https://www.ig.com/uk/glossary-trading-terms/m2-money-supply-definition#:~:text=What%20is%20M2%3F,time%20deposits%20of%20under%20%24100%2C000." target="_blank" rel="noopener noreferrer nofollow">the M2 money supply </a>will see a 58% increase. The analyst estimates a rise from $21 trillion to $33 trillion by 2028. The liquidity increase is expected to boost Bitcoin’s price.</p>
<p><strong>Gold Market Cap</strong>: Doctor Profit notes that the gold market cap could reach between $13 trillion and $19 trillion. The increase in the gold market cap could have a major effect on the price of BTC.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">What is my top target for BTC ?<br><br>According to my calculation which is based on M2 money supply, probability rate of new liquidity amount and current Gold movement which reached an estimated market cap of between 13-19 trillion (Which is higher for sure). The calculation also…</p>— Doctor Profit <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f1e8-1f1ed.png" alt="🇨🇭" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@DrProfitCrypto) <a href="https://twitter.com/DrProfitCrypto/status/1840443009751818539?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 29, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p><strong>Bitcoin Supply Dynamics</strong>: There are around 15 million BTC remaining in circulation. 6 million BTC are already lost forever; this scarcity could drive demand and price.</p>
<p><strong>Black Market Inflows:</strong> He acknowledges that illicit market activities could inadvertently benefit Bitcoin, further enhancing its value.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/these-btc-metrics-indicate-imminent-bitcoin-price-breakout-one-resistance-left/" target="_blank" rel="noopener noreferrer nofollow">These BTC Metrics Indicate Imminent Bitcoin Price Breakout: One Resistance Left</a></em></strong></p>
<h2 class="wp-block-heading" id="market-behavior-expectations-path-to-580k">Market Behavior Expectations: Path to $580k</h2>
<p>Doctor Profit anticipates that Bitcoin will not experience significant bear markets over the next four years. He clarifies a common misconception regarding market corrections, stating:</p>
<p><em>“When there is a clear target of 580k, starting from 60k, there is no bear market for an investor that plans to hold for 4 years.”</em></p>
<p>He expects several 40–50% corrections along the way, particularly at key price points such as $120k, $160k, and $220k. These fluctuations, while substantial, are seen as natural and healthy for the market.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/sui-network-breaks-1-billion-in-tvl-in-less-than-2-years-sui-price-pumps/" target="_blank" rel="noopener noreferrer nofollow">Sui Network Breaks $1 Billion in TVL In Less Than 2 Years! SUI Price Pumps&nbsp;</a></em></strong></p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Celebrate Dogecoin and Make Big Gains with Doge2014!
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p><strong><a href="https://doge2014.io" target="_blank" rel="noopener noreferrer nofollow">Doge2014</a></strong> raises 500K in days celebrating Dogecoin. Make potentially big profits and get in on <strong><a href="https://doge2014.io/en/airdrop" target="_blank" rel="noopener noreferrer nofollow">exclusive airdrop</a></strong>!</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<h2 class="wp-block-heading" id="strategy-for-investors">Strategy for Investors</h2>
<p>Doctor Profit advises investors to adopt a dual strategy:</p>
<p>Maintain a portion of Bitcoin for the long haul, unaffected by short-term market fluctuations. They can also engage in timely trading to capitalize on market corrections.</p>
<p>Doctor Profit’s analysis encourages a perspective that views market corrections not as bear markets but as <a href="https://bitmama.io/blog/how-to-buy-the-dip-in-crypto/" target="_blank" rel="noopener noreferrer nofollow">opportunities for strategic investment.</a> His target for Bitcoin remains a bold vision for the future of cryptocurrency.</p>
<p><em><strong>Follow us on <a href="https://x.com/CaptainAltcoin_" target="_blank" rel="noopener noreferrer nofollow">X (Twitter)</a>, <a href="https://coinmarketcap.com/community/profile/CaptainAltcoin/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap </a>and <a href="https://www.binance.com/en/square/profile/captainaltcoin" target="_blank" rel="noopener noreferrer nofollow">Binance Square</a> for more daily crypto updates.<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://memesarcade.com/?ref=CaptainAltcoin" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/20-Economic-Times-Is-Bittensor-TAO-price-rally-sustainable-Heres-one-new-crypto-to-consider-qumyphz0cn8kryb4yw6e8oixgxuf3o98hkan9wd4wu.png" width="500" alt="Join and Get 10k Tokens FREE!" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-memesarcade-com-ref-captainaltcoin-target-_blank-rel-noopener-noreferrer-nofollow-span-join-and-get-10k-tokens-free-span-a"><a class="re_track_btn" href="https://memesarcade.com/?ref=CaptainAltcoin" target="_blank" rel="noopener noreferrer nofollow"> <span>Join and Get 10k Tokens FREE!</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20"><strong>Sponsored</strong>
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://memesarcade.com/?ref=CaptainAltcoin" target="_blank" rel="noopener noreferrer nofollow"> Visit Meme Arcade by FOFAR Now </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Early access bonuses with 10k $BACON for joining now <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Engaging community with games and crypto incentives <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Integrated platform with GameFi and NFT functionalities <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Simple interface that’s easy for new users to explore crypto gaming
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/expert-analyst-reveals-top-target-for-bitcoin-btc-price-draws-out-path-to-580k/" rel="noopener noreferrer nofollow">Expert Analyst Reveals ‘Top Target’ for Bitcoin (BTC) Price, Draws Out Path to $580k</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Expert Analyst Reveals ‘Top Target’ for Bitcoin (BTC) Price, Draws Out Path to $580k

Table of Contents

CaptainAltcoin

Other articles published on Sep 30, 2024

BTC, ETH and XRP Price Prediction for September 30

Endeavor Nigeria Announces Catalysing Conversations 2024: Building Bridges, Co-Creating a Unified...

Bitcoin’s October magic: Is “Uptober” making a comeback?

Charles Hoskinson Confirms He Will Attend Buenos Aires Cardano Summit, Skips Foundation Event

Bitcoin Faces Pressure Amid Japan’s Stock Market Slide

Trending Cardano (ADA) Rival Below $0.10 Set to Skyrocket to $10 in Just 6 Months

Join our free newsletter for daily crypto updates!